11 Summer St Salem, MA 01970
Downtown Salem NeighborhoodEstimated payment $13,839/month
Highlights
- Marina
- Community Stables
- 0.3 Acre Lot
- Golf Course Community
- Medical Services
- 4-minute walk to High Street Park
About This Home
Six family home with close to 7,000 sq. ft. of living space, on the biggest lot in downtown Salem, next to the Salem Inn. This property is zoned mixed use, so could have commercial and residential space. Great potential for further development. The house needs to be renovated. 10 garages and a large workshop above which could be converted into more units.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,045
Year Built
- Built in 1870
Lot Details
- 0.3 Acre Lot
- Near Conservation Area
- Level Lot
- Irregular Lot
Parking
- 10 Car Garage
- Off-Street Parking
Home Design
- Frame Construction
- Shingle Roof
- Tar and Gravel Roof
- Rubber Roof
Interior Spaces
- 6,744 Sq Ft Home
- Living Room
- Home Office
- Wood Flooring
- Electric Dryer Hookup
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Full Bathrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Sump Pump
Outdoor Features
- Porch
Location
- Property is near public transit
- Property is near schools
Schools
- Salem Middle School
- Salem High School
Utilities
- No Cooling
- 6 Heating Zones
- Heating System Uses Natural Gas
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number M:26 L:0461,2132698
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Community Pool
- Park
- Community Stables
- Jogging Path
- Bike Trail
Building Details
- Net Operating Income $73,200
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/18/2023 06/18/23 | Price Changed | $2,500,000 | +4.2% | $371 / Sq Ft |
| 01/13/2023 01/13/23 | Price Changed | $2,400,000 | +6.7% | $356 / Sq Ft |
| 11/10/2022 11/10/22 | Pending | -- | -- | -- |
| 10/23/2022 10/23/22 | Price Changed | $2,250,000 | -10.0% | $334 / Sq Ft |
| 10/04/2022 10/04/22 | For Sale | $2,499,000 | -- | $371 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73044002
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